How is the US economy doing compared to pre-pandemic levels?
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GDP decreased 3.5% in 2020, the lowest growth rate since 1946.
GDP has grown 2.1% on average over the past 20 years, but it fell from $21.7 trillion in 2019 to $20.9 trillion in 2020.
The average annual unemployment rate in 2020 was 8.1%, lower than the annual averages during the Great Recession in 2009 (9.3%), 2010 (9.6%), and 2011 (8.9%)
However, the labor force participation rate, or the percentage of the working-age population that is either employed or seeking work, fell to 61.7%, the lowest since 1976.
Nearly 25 million Americans were on unemployment insurance in May, the highest point during the pandemic.
Prior to the pandemic, 1-2 million people are on unemployment at any given time. Washington, DC, California, Hawaii, and Nevada had the highest rates of unemployment claims per capita; Idaho, South Dakota, Utah, and Wyoming had the lowest.
The economy lost 9.4 million jobs in 2020, a 6.2% decrease from 2019. That’s larger than the 3.7% drop from 2008 to 2009 during the Great Recession.
The leisure and hospitality sector lost the most jobs: 3.7 million (down 22%). The government sector lost 1.3 million (down 6%) and the education and health services sector lost 1.2 million (down 5%).
Learn more about the US economy here.
Climate in the United StatesThe United States has experienced a wide variety of extreme weather over the last 125 years, impacting people, communities, and
How do energy and emissions in the United States compare to the rest of the world?Fossil fuels account for 79% of US energy consumption. The share of energy consumption from nuclear and renewable sources has
What is the state of our environment and climate?2020 was the second-warmest year on record. The average global temperature was 0.98 °C (1.76 °F) above the 20th century average.